Sports Expert Corporation has three different operating divisions. Financial information for each is as follows: Clothing Accessories Sporting Goods Sales $3,000,000 $15,000,000 $25,000,000 Operating income 330,000 1,250,000 3,200,000 Net income (A/T) 135,000 870,000 1,400,000 Assets 1,200,000 10,000,000 8,000,000 Answer the following questions based on the information provided above 1) Which division has the highest operating margin? 2) Compute net income to sales for the entire corporation 3) Compute net income to assets for the entire corporation 4) The vice president of finance suggests the assets in the Accessories division to be sold off for $10 million and re-deployed in Sporting goods division. The new $10 million in Sporting goods division will produce the same after-tax return on assets as the current $8 million in that division. Recompute the net income to total assets ratio for the entire corporation assuming the above suggested change. 5) Explain why Sporting goods division, which has a lower return on sales than Accessories division, has such a positive effect on return on assets